good morning. when in doubt, amory checks the Dow. since early july when there was this sudden spurt of pessimism (Dow ~9000) & bond yields fell to their lowest in 45 years and which selfsame yields have since stabilized at a normal 4.4% (this would coincide with your wave 2)
& then a week into august another weakness (below 9100 at a time when the Dow was still struggling to break out of the 9000/9200 range)
does this match up with BHP waves maybe?
& then the Dow went sailing into the clouds & so did BHP. end of story. is amory drawing any conclusions from this parallel pattern? yes, he is. if the Dow drops down to 9100 (any chance of that??) shortsellers of BHP (self included) would be laughing.
ripe for shorting?, page-50
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$39.62 |
Change
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Mkt cap ! $200.9B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 4 | 4755 | $39.61 |
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| Price($) | Vol. | No. |
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